ARTICLE · 30 AUGUST 2018

OSC, AMF Join International Push For A Global Financial Innovation "Sandbox" Network

Stikeman Elliott LLP

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Building on existing bilateral "financial innovation sandbox" arrangements, 12 international regulators, including Canada's AMF and OSC, are proposing to create a single

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Andrew Cunningham

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Building on existing bilateral "financial innovation sandbox" arrangements, 12 international regulators, including Canada's AMF and OSC, are proposing to create a single Global Financial Innovation Network (GFIN).

The Ontario Securities Commission (OSC) and Quebec's Autorité des Marchés Financiers (AMF) are among a group of twelve regulators and allied organizations that recently published a Consultation Document on the creation of a Global Financial Innovation Network (GFIN) – essentially a global fintech innovation sandbox.
The goal of GFIN would be to allow innovative fintech ideas to be tested in multiple jurisdictions while reducing the need to navigate multiple bureaucracies.

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